Industry Analysis & Industry Trends
Driven by government support and increasing demand from patients, the development of the Traditional Chinese Medicine Hospitals industry has accelerated in recent years. In 2016, revenue for this industry is expected to reach $53.7 billion, up 11.8% from 2015 and representing annualized growth of 16.3% from 2011.
For the Traditional Chinese Medicine Hospital industry, a growing number of patients has ensured revenue and profitability increases. Profitability ihas risen from 0.9% in 2007 to an estimated 4.6% in 2016. The scale of traditional Chinese medicine hospitals has also been expanding. There are about 3,059 traditional Chinese medicine hospitals in China, each containing 252 beds on average.... purchase to read more
Industry Report - Industry Investment Chapter
Within the Traditional Chinese Medicine Hospital industry, about 18.1 cents are invested in capital for every dollar spent on wages. Construction of hospitals requires a large amount of capital. In traditional Chinese medicine hospitals, traditional Chinese and western medicine are integrated to some degree. Therefore, besides the traditional medicine devices, some Western diagnosis and treatment devices are also introduced, which further increases capital expenses. Due to the rising wages for this industry, its share of industry revenue has increased in recent years, up from 24.2% in 2010 to about 26.5% in 2016... purchase to read more